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Yowie Group ( (AU:YOW) ) has shared an update.
Keybridge Capital Limited has advised its shareholders to take no action regarding an off-market takeover bid from its subsidiary, Yowie Group Ltd. The bid is considered disingenuous by Keybridge, as it appears to undervalue Keybridge’s assets and is laden with conditions that could be breached if Keybridge secures operational control of Yowie. Keybridge has expressed concerns over Yowie’s corporate governance and the use of shareholder funds, and is actively seeking to replace Yowie’s directors. The company remains committed to securing control over Yowie despite the bid.
More about Yowie Group
Keybridge Capital Limited (ASX: KBC) is an investment and financial services group with a diversified portfolio of listed and unlisted investments and loan assets. The company operates in sectors such as life insurance in New Zealand, property, and funds management. Keybridge holds substantial investments in Yowie Group Ltd, Benjamin Hornigold Ltd, HHY Fund, Molopo Energy Limited, and RNY Property Trust.
YTD Price Performance: -44.00%
Average Trading Volume: 29,999
Technical Sentiment Signal: Sell
Current Market Cap: A$3.21M
Learn more about YOW stock on TipRanks’ Stock Analysis page.